Jefferies Financial Group Cuts The Sage Group (LON:SGE) Price Target to GBX 1,100

Key Points

• Jefferies cut its price target for The Sage Group from GBX 1,350 to GBX 1,100 while keeping a "buy" rating, which implies roughly a 34.4% upside from the current share price.
• Analyst consensus is a "Moderate Buy" (four Buy, three Hold) with an average price target of about GBX 1,189.17, versus the stock trading around GBX 818.60.
• Insiders have been buying recently—55,000 shares acquired in the last 90 days (notably John Bates and Lori Mitchell‑Keller)—and insiders now own about 1.00% of the company.

The Sage Group (LON:SGE - Get Free Report) had its target price lowered by Jefferies Financial Group from GBX 1,350 to GBX 1,100 in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target would suggest a potential upside of 34.38% from the stock's current price.

A number of other research analysts also recently issued reports on SGE. Shore Capital Group restated a "hold" rating on shares of The Sage Group in a research report on Tuesday, January 27th. Citigroup reduced their price objective on The Sage Group from GBX 1,400 to GBX 1,150 and set a "buy" rating for the company in a research note on Tuesday, March 10th. Canaccord Genuity Group upgraded The Sage Group to a "buy" rating and upped their target price for the stock from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd. JPMorgan Chase & Co. reduced their price target on The Sage Group from GBX 1,500 to GBX 1,300 and set an "overweight" rating for the company in a research report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a "hold" rating for the company in a report on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, The Sage Group presently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,189.17.

The Sage Group Price Performance

SGE stock opened at GBX 818.60 on Tuesday. The company has a market capitalization of £7.66 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. The Sage Group has a 12 month low of GBX 771.66 and a 12 month high of GBX 1,335. The firm's fifty day simple moving average is GBX 886.65 and its 200-day simple moving average is GBX 1,024.51. The company has a debt-to-equity ratio of 219.31, a current ratio of 0.60 and a quick ratio of 0.58.

Insider Activity

In other The Sage Group news, insider John Bates purchased 35,000 shares of the stock in a transaction on Thursday, February 12th. The shares were bought at an average price of GBX 811 per share, for a total transaction of £283,850. Also, insider Lori Mitchell- Keller acquired 10,000 shares of the company's stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of GBX 839 per share, for a total transaction of £83,900. Insiders have acquired 55,000 shares of company stock worth $45,415,000 in the last ninety days. Company insiders own 1.00% of the company's stock.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.

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